LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global LED tube light market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.6% during 2023-2028.
A light-emitting diode (LED) tube light currently represents one of the most energy-efficient types of linear tube lighting. Due to their high energy efficiency and longer life, these lights are rapidly replacing fluorescent tube lights that are often used in commercial and residential buildings. Unlike fluorescent tubes (which tend to burn out faster when integrated with occupancy sensors and other controls), LED tube lights work perfectly with control systems. They have a longer life span of 50,000 to 100,000 hours, which is 55-75 times more than their traditional counterparts. These eco-friendly lights offer maximum light output along with energy savings and come in a wide array of color temperatures. On account of their unique solid-state design, LED tube lights are lightweight, extremely durable, and require virtually no maintenance or warm up time. Besides this, they are highly resistant to temperature alterations and can remain stable even in extremely cold conditions.
Global LED Tube Light Market Trends:
With the inflating prices of electricity around the world, consumers are shifting from compact fluorescent lights (CFLs) to LED tube lights. This is further supported by awareness campaigns and policies for energy conservation and environmental protection by governments in various countries. On the other hand, manufacturers are coming up with different LED lighting products and investing in marketing through newspapers and televisions, which is increasing product awareness among consumers. Further, strong demand for LED tube lights is emerging from the corporate sector as they offer better ambiance lighting, enhanced controls, and reduced maintenance costs. They are also widely being used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, academics, and street lighting, which is stimulating market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LED tube light market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on tube type and application.
Breakup by Tube Type:
T5
T8
T12
Others
Breakup by Application:
Residential
Office
Industrial
Hospitality
Others
Breakup by Region:
Asia Pacific
China
Japan
India
Others
Europe
Germany
United Kingdom
France
Spain
Others
North America
United States
Canada
Latin America
Mexico
Brazil
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Acuity Brands, Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co., Ltd, GE Lighting, Iris Ohyama Inc., Koninklijke Philips NV, Ledvance Lighting Company, Opple Lighting, OSRAM, Panasonic Corporation, Syska LED, Toggled, Yankon Lighting, and Zumtobel Group.
Key Questions Answered in This Report
1. What was the size of the global LED tube light market in 2022?
2. What is the expected growth rate of the global LED tube light market during 2023-2028?
3. What are the key factors driving the global LED tube light market?
4. What has been the impact of COVID-19 on the global LED tube light market?
5. What is the breakup of the global LED tube light market based on the tube type?
6. What is the breakup of the global LED tube light market based on the application?
7. What are the key regions in the global LED tube light market?
8. Who are the key players/companies in the global LED tube light market?
Table of Contents
135 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global LED Tube Light Industry
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Breakup by Tube Type
- 5.5Market Breakup by Application
- 5.6Market Breakup by Region
- 5.7Market Forecast
- 5.8SWOT Analysis
- 5.8.1Overview
- 5.8.2Strengths
- 5.8.3Weaknesses
- 5.8.4Opportunities
- 5.8.5Threats
- 5.9Value Chain Analysis
- 5.9.1 Procurement of Components
- 5.9.2 LED Tube Light Manufacturers
- 5.9.3 Marketing and Product Distribution
- 5.9.4 End Users
- 5.10Porter’s Five Forces Analysis
- 5.10.1Overview
- 5.10.2Bargaining Power of Buyers
- 5.10.3Bargaining Power of Suppliers
- 5.10.4Degree of Competition
- 5.10.5Threat of New Entrants
- 5.10.6Threat of Substitutes
- 5.11Key Success and Risk Factors for LED Tube Light Manufacturers
- 5.12Comparative Analysis of CFL and LED
- 5.13Price Analysis
- 5.13.1Key Price Indicators
- 5.13.2Price Structure
- 6 Market Breakup by Tube Type
- 6.1 T5
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 T8
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 T12
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Office
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4Hospitality
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Market Breakup by Region
- 8.1Asia Pacific
- 8.1.1 China
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Japan
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.3 India
- 8.1.3.1 Market Trends
- 8.1.3.2 Market Forecast
- 8.1.4 Others
- 8.1.4.1 Market Trends
- 8.1.4.2 Market Forecast
- 8.2Europe
- 8.2.1 Germany
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 United Kingdom
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 France
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 Spain
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Others
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.3North America
- 8.3.1 United States
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 Canada
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.4Latin America
- 8.4.1 Mexico
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Brazil
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.5Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 LED Tube light Manufacturing Process
- 9.1Product Overview and Specifications
- 9.2Key Features and Advantages
- 9.3Key Application Areas
- 9.3.1Offices and Conference Rooms
- 9.3.2Showrooms and Malls
- 9.3.3Homes, Departmental Stores and Boutiques
- 9.3.4Warehouses and Parking Houses
- 9.3.5Hospitals and Laboratories
- 9.4Popular Types
- 9.4.1LED Tube Light (Direct Fit)
- 9.4.2LED Tube Light (Internal Driver)
- 9.4.3LED Tube Light (External Driver)
- 9.5Design Material Alternatives
- 9.5.1Thermoplastic Housing
- 9.5.2Extruded Aluminium Housing
- 9.5.3Extruded Glass Housing
- 9.6Manufacturing Process
- 9.7Raw Material Requirements
- 9.8Raw Material Pictures
- 10 Project Details, Requirements and Costs Involved
- 10.1Land Requirements and Expenditures
- 10.2Construction Requirements and Expenditures
- 10.3Plant Machinery
- 10.4Machinery Pictures
- 10.5Raw Material Requirements and Expenditures
- 10.6Raw Material and Final Product Pictures
- 10.7Packaging Requirements and Expenditures
- 10.8Transportation Requirements and Expenditures
- 10.9Utility Requirements and Expenditures
- 10.10Manpower Requirements and Expenditures
- 10.11Other Capital Investments
- 11 Loans and Financial Assistance
- 12 Project Economics
- 12.1Capital Cost of the Project
- 12.2Techno-Economic Parameters
- 12.3Product Pricing and Margins Across Various Levels of the Supply Chain
- 12.4Taxation and Depreciation
- 12.5Income Projections
- 12.6Expenditure Projections
- 12.7Financial Analysis
- 12.8Profit Analysis
- 13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1Acuity Brands, Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2Eaton Corporation PLC
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3Foshan Electrical and Lighting Co., Ltd
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4GE Lighting
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5Iris Ohyama Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6Koninklijke Philips NV
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7Ledvance Lighting Company
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8Opple Lighting
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.9OSRAM
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Panasonic Corporation
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11Syska LED
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12Toggled
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.13Yankon Lighting
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14 Zumtobel Group
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.14.3 Financials
- 13.3.14.4 SWOT Analysis
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